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Monopolistic Competition and Effective Demand. (PSME-6)

By Hukukane Nikaido
eBook
$39.00
By Hukukane Nikaido
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While traditional price theory has successfully elucidated national income distribution in a perfectly competitive economy, little is known today about the overall working of a noncompetitive economy. This book moves to remedy the imbalance by sketching a general equilibrium theory of a noncompetitive economy.

Developing his theory in the world of the standard Leontief system, Hukukane Nikaido attempts to construct objective demand functions reflecting the interdependence of economic agents ...

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